BREAKING NEWS

U.S. SEC investigates India's Infosys on whistleblower complaints

U.S. SEC investigates India's Infosys on whistleblower complaints
The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren -
Copyright
CHRIS HELGREN(Reuters)
Euronews logo
Text size Aa Aa

BENGALURU (Reuters) – Infosys Ltd <INFY.NS> said on Thursday that the U.S. Securities and Exchange Commission had launched an investigation into whistleblower claims that the Indian software services firm used ‘unethical practices’ to boost revenue and profit.

The company said India’s market regulator, the Securities and Exchange Board of India, had also requested additional information from the company concerning the complaints.

A securities class action lawsuit has also been filed against the company in a U.S. federal court based on the complaints, the company said, adding that it intends to defend itself “vigorously”.

(Reporting by Chris Thomas in Bengaluru)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.